Euronav exits Belgium’s Bel 20 index as share price plummets
Company shares have dropped over 20% since the closure of the mandatory takeover offer on Monday, suggesting investors are yet to catch up with CEO Alexander Savery’s vision for a rapidly decarbonising future
The final closure of CMB’s Euronav takeover this week breached Euronext rules on ownership exceeding the 85% threshold. That means that Euronav will exit Belgium’s blue-chip Bel 20 index today, after just two days of trading